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(CNN)Tom Daley is taking a dive into parenthood.

The Olympic diving medalist announced on Wednesday that he and his husband, Dustin Lance Black, are having a baby. Daley, 23, posted a photo of himself and Black, 43, on Instagram holding an ultrasound image if their child with the caption "HAPPY VALENTINES DAY!"

"Lance and I definitely want a family in the future," Daley told the Belfast Telegraph in July. "Who knows when? We're both lucky to have supportive families," the bronze medalist said. "We want to share that with our own children."